• Best Car Loans of 2016 in UAE

    There is no scarcity of car loans and car finance options for the residents of UAE. Car loans and the car finance options come at a competitive interest rate. The repayment options are flexible and a wide range of benefits are offered as well. The UAE banks offer finance for both used as well as new cars.

    Top Car Loans in UAE In 2016

    The best Car Loans in UAE in 2016 are listed as follows:

    • ADCB: ADCB offers Car Loan for New as well as used cars. Up to AED500,000 is financed and the tenure offered is up to 60 months. The car is financed up to 80% of its value. You will also get insurance finance option. The approvals are quick and simple documentation is required. The profit rate ranges from 4.5% to 11% per annum.

    • ADIB: The profit rate offered is highly competitive. Salary transfer is not required. You will get a free ADIB Visa Cashback Card. postponement option is available for free. The downpayment required is 20% of the total loan amount. The profit rate ranges from 2.49% to 3.25% per annum in case of Salary transfer and it is 2.49% to 4.99% per annum in case of non-salary transfer.

    • Dubai Islamic Bank: Auto Financing is available to the individual whose salary starts from AED3000 per month. The amount of financing offered is up to AED1.5 million for the individual customer. The financing amount offered to non-individual customer is up to AED5 million. The tenure offered is up to 60 months. The Auto Financing is available for used as well as new cars. There no mandatory salary transfer required. You get access to financing insurance and other accessories. Auto Financing is made available for self-employed, employed, heavy machinery and rent a car companies.

    • Emirates NBD: Emirates NBD offers Auto Loans for used cars as well as new cars, commercial vehicles and sports car. The amount of financing offered is up to AED300,000. The tenure offered is up to 60 months. The flat rate of profit offered is 3.99% per annum and the reducing rate of profit is 7.47% per annum. Auto Loan is offered to business owners, salaried individual and self-employed individual.

    • Union National Bank: UNB offers Car Loan at a competitive interest rate. High loan amounts are offered and the processing process is easy.

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